RxEAL (RXL)

Overview

Securing leasing and rental deposits. A smart contract based platform for increasing transparency for lessors and lessees everywhere

Project stage

Prototype

Detailed description

RxEAL is a long awaited solution for rental security deposit protection. It is a platform for trustless deposit storage and dispute resolution, focusing on real estate and automotive industries. RxEAL does not take away business from existing service providers, on the contrary - the RxEAL solution creates added value, replaces costs and saves time for the world’s largest rental markets.

Problem

Along with the rise of sharing economy and other socio-economic developments, people rent more flats and cars every year.

The more people rent, the more they have arguments about

security deposits.

50% of all security deposits globally are subject to disputes that destroy value for everyone — both lessors and their lessees.

Billions of EUR are annually lost due to disputes globally.

Solution

The RxEAL solution benefits both sides of rental transactions.

Lessor:

Added value to the rental product, creating a competitive advantage in the market.

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :RXL

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 35,575 ETH

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :300 ETH

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :96,000,000 RXL

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :53,760,000 RXL

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, Crimea, Cuba, Iran, Iraq, Latvia, North Korea, Seychelles, South Sudan, Syria, USA,

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No

Roadmap

Activity

Social

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